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Financial Conduct Authority

Financial Conduct Authority header image

At the FCA we serve the public interest by improving the way financial markets work and how their firms conduct business. We were set up by the goverenment in 2013 and today we regulate over 56,000 firms. In fact, every day we work hard to ensure we protect consumers, practise integrity and promote compeitition within relevant markets.

Effective regulation relies on consent, trust and confidence from the public. Thats why, when we make regulatory judgements, we always to be transparent about how we reached them.

When you join us an apprentice you'll receive exceptional development and make a real difference to the lives of millions of people across the UK.

Are you ready to broaden your horizons?

2018 Apprenticeship Programmes:


As an apprentice, we wnat to see your desire and your determination to make a real difference to the way financial services work. We're looking for curious individuals who aren't afraid to ask questions and challenge opinion. 

What we do

  • Financial markets need to be honest, fair and effective so that consumers get a fair deal.
  • We aim to make markets work well – for individuals, for business, large and small, and for the economy as a whole.
  • We do this by regulating the conduct of more than 56,000 businesses. We are also the prudential regulator for more than 18,000 of these businesses.
  • We were established on 1 April 2013, taking over responsibility for conduct and relevant prudential regulation from the Financial Services Authority. 


 

Why we do it

We are responsible for regulating a sector which plays a critical role in the lives of everyone in the UK and without which the modern economy could not function. From children’s ISAs to pensions, direct debits to credit cards, loans to investments – how well financial markets work has a fundamental impact on us all.

UK financial services employ over 2.2 million people and contribute £65.6bn in tax to the UK economy. If UK markets work well, competitively and fairly they benefit customers, staff and shareholders, and maintain confidence in the UK as a major global financial hub. Our role is to help ensure this happens. 


How we do it

Our strategic objective is to ensure that the relevant markets function well and our operational objectives are to:

  • protect consumers – we secure an appropriate degree of protection for consumers
  • protect financial markets – we protect and enhance the integrity of the UK financial system
  • promote competition – we promote effective competition in the interests of consumers

We are an independent public body funded entirely by the firms we regulate, by charging them fees. We are accountable to the Treasury, which is responsible for the UK’s financial system, and to Parliament.

Our work and purpose is defined by the Financial Services and Markets Act 2000 (FSMA) (link is external). We work with consumer groups, trade associations and professional bodies, domestic regulators, EU legislators and a wide range of other stakeholders. With this extensive remit, we use a proportionate approach to regulation, prioritising the areas and firms that pose a higher risk to our objectives.

Got any questions?

Whether your question is about the application stage, CV help or Job Spec, our advice centre is here to help you. Visit our frequently asked questions section to see what applicants are asking us?

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